Life Estates give donors a way to make a meaningful gift of real estate to the Ann Arbor Area Community Foundation -  while retaining the right to use the property during their lifetime. 

Donors can realize significant tax savings.  Such gifts entitle donors to take a charitable income tax deduction for the present value of the remainder interest of the property and to escape potential capital gains on the property's appreciation.

A remainder interest in a residence or a farm can be gifted to the Ann Arbor Area Community Foundation:

• The donor deeds the property to AAACF and retains the right to live in the home or on the farm until his/her death.
• When the life estate terminates, AAACF can sell the property.  Proceeds from the sale are used to support the causes the donor has specified.

For more information on gifting real estate to AAACF while retaining a Life Estate, please contact AAACF's CFO Doug Weber.